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8641  Other / Beginners & Help / Re: New crypto users, a few tips to avoid losing your hard earned coins on: November 23, 2020, 11:18:17 AM
Has there been any case where a redirection malware has actually changed the destination address?

There are countless cases where user A has sent something to user B, and for some reason the coins ended up with user C (who in this case is a hacker with clipboard malware). If something like this happens we can be pretty sure it's clipboard malware, but most victims don't want to check what actually happened but follow the advice to format the disk and start with clean OS.

It should be noted that clipboard malware can hit the user of any crypto wallet, so it is an advantage to use a hardware wallet that will always ask us to confirm if the address matches. Of course, it is a good and desirable practice to always check several times if necessary, especially if we send large amounts.

When I purchased my Ledger I heard about the Trezor vulnerability. I assume they would have changed the chip since then - perhaps they have not updated it. My Ledger requires a pin to be entered to access the device and clears the seed if it fails 3 times. Are the Trezor's still hackable with a pin/password if physical access is available?

Trezor vulnerabilities cannot be literally fixed with new firmware, because the problem is in the hardware itself - which means that all existing devices that use current hardware will always be vulnerable. When and if the Trezor makes a completely new model, we can expect that it will not be exposed to that vulnerability.

As for PIN protection, Kraken has demonstrated that it is possible to create a script that will brute force a PIN consisting of 4 numbers in about 2 minutes.Therefore, one should not rely on PIN as protection because if someone has physical access to a hardware wallet and enough technical knowledge, it is only a matter of time before they will be able to extract the seed.

Additionally, because the Trezor firmware utilizes an encrypted storage, we developed a script to crack the PIN of the dumped device, leading to a full compromise of the security of the Trezor wallets. The script was able to brute force any 4-digit pin in under 2 minutes. This attack demonstrates that the STM32-family of Cortex-M3/Cortex-M4 microcontrollers should not be used for storage of sensitive data such as cryptographic seeds even if these are stored in encrypted form.
8642  Bitcoin / Bitcoin Discussion / Re: Notorious Coinbase holding my bitcoins in name of 'Review' | Be careful on: November 23, 2020, 10:50:39 AM
I don't understand who gave them the authority to hold users money as ransome. someone should do something about this. even if someone violates their so called toc, they shouldn't have the authority to hold the fund!

They run their business in accordance with US law, and if you want to complain about the methods of their business then you need to contact those who have given them business licenses. Consequently, if you are a US citizen you should contact FinCENo or perhaps the SEC and complain about the proceedings Coinbase is taking against you - and if you are outside the US you should probably contact your local service which has approved Coinbase to provide services in your country.

I sincerely doubt anything can change, Coinbase is too big and too powerful at the moment and can do whatever they want - it's a US based company after all.
8643  Economy / Speculation / Re: As we approach ATH what is different compared to 2017? on: November 23, 2020, 10:30:47 AM
i saw an interesting article the other day about the role bitcoin is playing in online poker. i wonder how big of an effect this has on the market:

Very interesting, poker players seem to be quite crypto oriented, or think that in this way they may be able to hide their winnings maybe? In any case, $158 million in BTC every month is almost $1.9 billion a year, which means that we have another very important player who is constantly buying BTC on the market. Everyone seems to have become interested in BTC because we have small family businesses switching their fiat to BTC, all the way to JPMorgan as the largest investment bank in the US advising investing in BTC.
8644  Other / Beginners & Help / Re: Best way to monitor / alert crypto on: November 22, 2020, 02:44:47 PM
Thanks Lucius.

I agree Delta looks really good.

You're welcome Wink

I'm glad you found exactly what you needed, so even though I mentioned that there are more apps like this - you can hardly find anything better and more functional than the ones you've already tried. I haven't tried them, but I've looked at some video reviews and indeed the app has many features.
8645  Economy / Speculation / Re: As we approach ATH what is different compared to 2017? on: November 22, 2020, 02:34:26 PM
For starters, we could say that there is no difference between what happened in 2016 and what is happening today in terms of price movements - because after both halving the price went up, but this time it is not x2, but by the end of the year it may be x3. Coincidence or not let everyone judge for themselves, but smart people have long said that nothing happens by accident.

What we all see and most agree that this bull run is definitely related to the money of large companies and funds located mainly in the USA (so far), and that this was not the case during 2016/17. Also, what did not happen then was the pandemic that led to some very problematic financial decisions by which most countries save their economies - which obviously scares many investors who think that fiat is more and more like a melting ice cube.

The only constant we have is Bitcoin, everything else has changed including that people have become much smarter (at least those who have learned the 2017/18 lesson).
8646  Other / Beginners & Help / Re: Best way to monitor / alert crypto on: November 22, 2020, 12:17:57 PM
Personally, I do not use such applications because I am not a trader and I do not follow almost anything except the price of BTC. But from what I've noticed in general when it comes to such apps, most give preference to BlockFolio and Delta Portfolio, although of course there are many more similar applications on the market. It depends on your personal preferences what you choose, but until you try a few applications you will not be able to compare which suits you better.

However, be careful what you install, there are a lot of fake apps from which you will not get anything but some malware.

https://blockfolio.com/
https://delta.app/en
8647  Other / Beginners & Help / Re: Please help on: November 22, 2020, 11:56:56 AM
Hi guys. I ask for your help. I have Bitcoins on one exchange, but I cannot withdraw them, because there is a withdrawal limit for 1 ip. Anyone who helps yes 10%. My telegram @g_nar

I have never heard of a withdrawal limit related to an IP address. A warning to all newbies, this looks like a classic scam attempt - especially since the OP wants you to contact him on Telegram where it is possible to delete the entire chat history on both sides.

If you really have a problem post the name of that exchange.
8648  Bitcoin / Bitcoin Discussion / Re: Notorious Coinbase holding my bitcoins in name of 'Review' | Be careful on: November 22, 2020, 11:47:29 AM
There is absolutely no violation as far as I know because all I did was sent some btc from my kraken account. I am already fully verified.  This extremely annoying Sad

If it's just that transaction from Kraken, maybe there's something suspicious about it? Even if this is not the case, it would be interesting to find out how many users were left with a frozen account at the time they planned to profit. If we go into conspiracy theories, I would say that Coinbase wants to prevent as many users as possible from selling BTC - for reasons we can only guess.

After all, you may want to join the movement Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again
8649  Other / Beginners & Help / Re: Complete Noob on: November 22, 2020, 11:17:24 AM
Since i am quite a geeky type  Grin, i would love to know about bitcoin mining but the requirments i found are beyond my scope. I just dont wanna earn with it, i want to get involved in the whole process.

If you are interested in “bitcoin mining” then those words should be keywords on search engine, and I am sure you will get hundreds of relevant results. At the very top of the search is this link How Does Bitcoin Mining Work?, and there you can read everything that interests you, practically answers all your questions.

But if you want a direct answer, BTC mining is reserved for big players these days, because the equipment is quite expensive and you need very cheap electricity. In other words, if you don't have thousands of $ that you can risk for one such venture, it's better to opt for something else - maybe for crypto trading?

We also have Mining board on the forum - I'm sure you can find a lot of good information there too Wink
8650  Economy / Economics / Re: US Firm Launches Company-Sponsored Bitcoin Retirement Plans on: November 22, 2020, 11:01:55 AM
I totally agree that this is big news, so maybe as you say revolutionary in terms of the unimaginable adaptation that Bitcoin is making in areas where it was completely impossible just 2-3 years ago. I assumed that the amount in pension funds was significant, so I found data that this amount in the US at the end of 2019 was as much as $18.8 trillion.

We can assume that the demand for BTC will be even higher next year, and as you have noticed, everything that is bought for this purpose ends up (specifically in this case) in Gemini cold storage for a long time. I hope some people will have much more enjoyable retirement days with the help of Bitcoin Smiley
8651  Economy / Speculation / Re: Bitcoin is moving sideways for day, Where to from here? on: November 21, 2020, 03:15:43 PM
We all know bitcoin has been moving between 17000 and 19000 and it's not showing any drastic move to a bull or bear but with such large increase in price, it's hard to imagine that the price has settled to this high.

What do you really expect? Could it be more drastic than what we’ve had in the last 30 days? The price has gone up by about $6000 and the uptrend seems to continue in the same direction, maybe it's just a matter of days before a new absolute price record will be reached. I know that many are troubled by the moment when it is best to sell, and when the correction will start - but what if it doesn't happen this time?

Institutional investors are buying for the long run, they are not speculators looking for quick profits - and this bull run belongs to them, and anything weak hands sell is quickly found in their wallets. Anyone who wants to play a card of what happened at the end of 2017 is free to try, we may be at the peak, but we may also be just at the beginning of what will follow in 2021.
8652  Other / Beginners & Help / Re: New crypto users, a few tips to avoid losing your hard earned coins on: November 21, 2020, 02:18:34 PM
Alternatively, you can use a hardware wallet which essentially uses encryption hardware to shield your private keys from the PC allowing you to use your wallet on a system without worry about compromise. Notable hardware wallet companies are Trezor and Ledger and prices are generally reasonable considering the protection they provide.

It is not as simple as it may seem at first, because by buying a device like this and sending a coin to it, we cannot say that we are 100% protected. While it is true that a hardware wallet protects us even on a computer infected with malicious software, the way it protects us is by forcing us to check each of our actions in the user interface and on the hardware wallet screen. Therefore, if we know that the seed should not be shared with anyone and should not be entered anywhere, the greatest attention should be paid to the clipboard malware that changes the destination address - so before click send check for address match (on UI and on HW screen).

Hardware wallets are also a good option if you like to access your wallets somewhat frequently but worried about residential theft (like if you keep your hardware wallet in a drawer right next to your PC). A hardware wallet, if fallen into the wrong hands, prevents thieves from accessing your coins as would a safe.

Partly true, because there is a known vulnerability in the Trezor wallet that allows anyone who comes into physical possession of the device to very easily extract the seed if it is not additionally protected with a passphrase (extra 25 word). Everyone should practice additional protection of the device itself by protecting their main wallet with passphrase, which will not only protect the seed (if anyone finds it), but is the only thing that can protect our coins in case of a physical attack where thieves can only access to that wallet which contains a small part of the coins.
8653  Economy / Economics / Re: JP Morgan takes a different stand than Wall Street - US Q1 GDP will decline. on: November 21, 2020, 12:04:33 PM
It is difficult to say what will happen in the coming months in the US regarding the pandemic, but if the EU scenario happens there, it is not at all logical to expect that GDP will grow in Q1. While the positive news is that we reportedly have a vaccine that is 95% successful, the question is how quickly it can be produced in sufficient quantities, and then how quickly as many people as possible can be vaccinated.

I think the whole world is facing a few more months of a very difficult period, especially for those living in the Northern Hemisphere where winter has already begun - but I think Q2&Q3 will already start to show significant growth because we will have some good vaccines that will provide immunity to millions of the world.

I also think that the new US president will bring some new positive changes that will benefit the American economy, and that will have a positive impact on the overall world economy.
8654  Economy / Economics / Re: Is corona virus crisis changing economical equations around the world? on: November 21, 2020, 11:47:16 AM
There will be no change in top-tier countries.  Countries such as the USA, Russia and China will emerge from this situation without weakening.  However, we can talk about a certain change of rank between middle and backward countries.  Let's get rid of the pandemic and watch together Smiley

I would not agree that anyone will emerge from this crisis without consequences, they will only be more or less depending on the state of the country's economy before the pandemic, and the success of overcoming all the challenges facing the country in the fight against the virus. Of course, those countries that invest significant funds to protect their economies will recover sooner, as well as those that are self-sufficient in some essential resources. There is no doubt that poor third world countries will suffer the biggest blows, because the consequences of even a short-term lockdown have many more severe effects than in most developed countries.



Can this pandemic change economical and political status of countries?

I think this is inevitable, incompetent governments and politicians who showed their ignorance during this pandemic will lose the next election, and those countries that knew how to balance between preserving human health and preserving their own economy will do best in the long term.
8655  Bitcoin / Legal / Re: Buying property with crypto on: November 21, 2020, 11:03:21 AM
wtfmidn, it is definitely possible to buy real estate in the UK with Bitcoin, and as far as I know there are no legal obstacles to this. What you need to do of course is pay property tax (if required by law), and of course that you can prove the origin of the Bitcoin you own. What I would especially warn you to be extremely careful with this way of buying is because fraudsters are everywhere and it is very easy to make a website and sell properties that are not yours for crypto.

As far as I can see there are several real estate agencies from the UK that mediate between sellers/buyers who want to sell/buy by paying with BTC.

Currently, in the UK and Northern Ireland, a handful of estate agents currently accept Bitcoin in principle, or have measures to broker a cryptocurrency deal. These include Go Homes, The Collective, Agape Properties, Hagan Homes and Munday’s Estate Agents. Aggregator Rightmove accepts property listings on Bitcoin in principle.
8656  Bitcoin / Bitcoin Discussion / Re: How to securely store your Bitcoin on: November 21, 2020, 10:41:20 AM
Phishing is user's problem, it means that they are careless, forgetful and not with high IQ when it comes to the safety of their money... But the actual problem is that exchanges suggest people to save their money on exchanges...

People are the weakest link in the entire security chain, because how do you explain giving someone a super secure cryptocurrency storage device, explaining what a backup is and how to keep it - and then he sends that same backup to a complete stranger on Telegram who promised to double the amount which has in its crypto wallet.

As for crypto exchange, again would add that the people who work there are the greatest risk, because most of the hacks are actually inside jobs - and of course crypto exchanges will not promote the idea of "not your keys, not your coins", it is not in their interest because of the liquidity they want to have.
8657  Bitcoin / Bitcoin Discussion / Re: [POLL] 2020, your last chance of owning 1 BTC on: November 21, 2020, 10:21:51 AM
It's getting harder and harder if you have to start from half or 1/4 of a BTC
That would mean in terms of $ for a lot of people more than 10 monthly wages, so unless you're from first world country and have a well-paid job this will be out of reach, after all, it's impossible that more than 21 mil people can get their hand on one, right?  Wink

I agree that with this and even higher price, this mission is becoming more and more difficult, but the one who wants something strong enough will find a way to do it, no matter how long it took them to reach that goal. Salary is just one of the ways we can invest in BTC, and what every person has is time, and that time can be invested in a way to start a business that will generate income in crypto. When I say business, I don't mean literally opening a company (but why not), but something like an affiliate where a smart strategy can make a nice passive income.

True, there will never be 21 million people who will be able to say "I own 1 BTC", that number will be much smaller given that we know that some people have tens and hundreds of thousands of BTC in their possession. Having at least one is already a great success Smiley
8658  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 20, 2020, 03:21:25 PM

source

Bitcoin is just an 11-year-old kid, and it’s already strong enough to worry even the world’s biggest bankers Cool
8659  Bitcoin / Bitcoin Discussion / Re: [POLL] 2020, your last chance of owning 1 BTC on: November 20, 2020, 02:48:06 PM
I find it quite sickening sometimes looking back when a few btc was tossed around like it was nothing, and then seeing it reach highs of 15k does put in into perspective that maybe holding is the correct way to do so. The fact that faucets once upon a time rewarded multiple Bitcoin for simple tasks is also crazy to consider.

From today's perspective it certainly looks rather strange - but only 4-5 years ago it was possible to earn 1 BTC only with the help of faucets - and if we go even further into the past you could get as much as 5 BTC for one solved captcha. Gavin Andresen faucet is an obvious example of what happened in just 10 years.

So, as long as those users from back then held onto their coins, they'll certainly be in a very healthy position right now. Although, I think most would have sold at a earlier point, planning to reinvest once the rally stops, and I imagine a few users have been burned this way.

I still have a good chunk of the coins which I earned in that period, mostly from 2015 when the BTC price was close to the $200 level and stable for quite some time. I think that anyone who holds BTC for a longer period (5+ years) can expect similar results - because we are just entering the phase when the big players will enter the game.
8660  Economy / Economics / Re: Asia-Pacific nations sign world’s biggest trade pact on: November 20, 2020, 02:18:41 PM
The question is, is there some kind of conspiracy that is actually being built in European countries? Are they deliberately playing with the political turmoil behind the pandemic which is currently entering its second stream?


For someone living in the EU, I would not say that there is a conspiracy behind what is currently happening in the EU - the virus has simply infected a very large number of people who are spreading it around, and to make matters worse, virus has become even more contagious. To combat this, most countries are simply forced to go into full or partial lockdown, which creates huge financial losses, causes a drop in GDP and economically weakens each country individually and the EU as a whole.

On the other hand, we have China, from where everything started - and which, at least for now, shows no signs of a second wave of pandemics. In other words, China and its trading partners have the opportunity to prosper economically, while on the other hand the West is struggling with the virus.

For me every day, I don't fully believe in Covid 19...
What is going on? I increasingly question the hospital's credibility data.

The virus is there, there is no doubt about it - it is just an accelerator that kills someone who already has a serious illness before it would otherwise happen, but that does not mean that it does not kill completely healthy people, and those who can still be considered young (under 40 years of age). I know a lot of those who also suspected but got infected and some of them had a very severe form of the disease and even ended up on a respirator.

When you know that someone you saw on the street ten days ago is fighting for his life, and he is otherwise a healthy young person - you cannot doubt that the virus does not exist or is not dangerous.
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